Tell us a little about yourself. What’s your background? How did you start the business?
I am a serial entrepreneur in the eCom space. I have been working with online marketplaces for the last 15 years.
As an e-Commerce business, where are your products made?
Our products are manufactured all over the year. We purchase everything domestically so there are no import duties or tariffs and there are no logistical issues to overcome.
How have you marketed the product and where are your customers originating from?
Is the asset on your listing owner-operated, how much time does it take to run the business, who else is needed on the team, and what is automated?
This business can be run with 5-10 hours of input per week, depending on your understanding of the marketplace, excel skills and analytical thinking ability.
What does someone need to do to continue operating the business in its current form?
Replenish current inventory.
Can you list a few opportunities for a potential new owner to continue growing the business?
New product opportunities are abundant including relationships with new brands and attending trade shows and events to find new distributors. Additionally, this business could easily expand to Walmart and eBay marketplaces.
How does this business make money? What are the current revenue streams?
We make money by selling products on the Amazon marketplace. Amazon is our only revenue stream at this time.
What marketing channels are most profitable for the business?
How does the business currently acquire customers and what is your breakdown for marketing costs?
No marketing. Keep things simple.
How big is your current team? How many people does it take to run this business?
Besides the owner, we have one employee.
What’s the reason for selling your business on Flippa?
Quite simply, the business is at the phase that I can exit and focus on my other two businesses.